This, it is widely speculated, is just the beginning of consolidation among marine container terminals to match well-establised trends in the carrier world.
How Hyundai's California United Terminals (CUT) will quit its 91-acre waterfront facility at Pier 400 is still unclear.
Terminal operators tend to commit to certain volumes to the port in the lease, but it's not clear if CUT failed to meet its minimum volume guarantee with the Port or APM Terminals, which has sublet the land to the HMM unit.
In Oakland, SSA Marine in 2013 bought out the contiguous terminals of APL and Hanjin Shipping to create a 300-acre dock. Last year, Ports America Group (PAG) and its joint venture partners terminated their 50-year lease for the Outer Harbour Terminal in Oakland.
About 90 per cent of PAG's volume migrated to SSA, leaving the Outer Harbour Terminal vacant. To the north, the Northwest Seaport Alliance has nine container terminals between Seattle and Tacoma ports.
Alliance CEO John Wolfe said it will eventually reduce the number to four, with two in the North Harbour and two in the South Harbour.
Things are more complicated in LA-Long Beach, where 10 waterfront terminal operators, many affiliated with carriers, operate 13 terminals.
The stage is set for terminal consolidation when NYK Line, 'K' Line, and MOL begin operating as Ocean Network Express (ONE) next year.
Each of the Japanese carriers has its own terminal at in the LA-LB complex, with 'K' Line's International Transportation Services and NYK's Yusen operating facilities at Long Beach, and MOL's TraPac operating the TraPac facility.
How Hyundai's California United Terminals (CUT) will quit its 91-acre waterfront facility at Pier 400 is still unclear.
Terminal operators tend to commit to certain volumes to the port in the lease, but it's not clear if CUT failed to meet its minimum volume guarantee with the Port or APM Terminals, which has sublet the land to the HMM unit.
In Oakland, SSA Marine in 2013 bought out the contiguous terminals of APL and Hanjin Shipping to create a 300-acre dock. Last year, Ports America Group (PAG) and its joint venture partners terminated their 50-year lease for the Outer Harbour Terminal in Oakland.
About 90 per cent of PAG's volume migrated to SSA, leaving the Outer Harbour Terminal vacant. To the north, the Northwest Seaport Alliance has nine container terminals between Seattle and Tacoma ports.
Alliance CEO John Wolfe said it will eventually reduce the number to four, with two in the North Harbour and two in the South Harbour.
Things are more complicated in LA-Long Beach, where 10 waterfront terminal operators, many affiliated with carriers, operate 13 terminals.
The stage is set for terminal consolidation when NYK Line, 'K' Line, and MOL begin operating as Ocean Network Express (ONE) next year.
Each of the Japanese carriers has its own terminal at in the LA-LB complex, with 'K' Line's International Transportation Services and NYK's Yusen operating facilities at Long Beach, and MOL's TraPac operating the TraPac facility.